Disney, DraftKings, Palantir, Li Auto: What to Watch When the Stock Market Opens Today
November 13 2020 - 8:56AM
Dow Jones News
By Mischa Frankl-Duval
Here's what we are watching as markets kick into gear
Friday.
-- U.S. stock futures climbed, suggesting most major indexes are
headed for a second week of gains. S&P 500 futures and
Nasdaq-100 futures both gained 0.7%. Economically-sensitive sectors
like energy and banks have been some of the week's best performers.
Read our full market wrap here.
-- What's coming up. The University of Michigan's preliminary
consumer sentiment index for November, due at 10 a.m., is expected
to hold fairly steady, reflecting the crosscurrents of an uncertain
election, stock market gains, rising employment and more Covid-19
cases.
Market Movers to Watch
-- DraftKings shares rose 11% premarket after reporting growing
revenue and user figures for the latest quarter,
-- Palantir shares fell more than 3% premarket, reversing course
after Morgan Stanley cut its rating on the stock. The data analysis
company raised its annual revenue outlook Thursday after it posted
better-than expected sales in its first quarterly report since
going public in September.
-- Cisco shares rose 7.7% premarket after the company reported
better-than-expected earnings, and an outlook that exceeded Wall
Street's expectations.
-- Walt Disney climbed 3.2% premarket after reporting better
streaming figures than expected, and a narrower loss than analysts
had predicted.
-- Li Auto jumped more than 25% premarket after the
electric-vehicle maker reported a quarter-on-quarter rise in
revenue and gross margin.
-- Biopharmaceutical firm Urovant Sciences leapt 90% after
majority shareholder Sumitovant Biopharma agreed to buy the
company's remaining shares.
Must Reads Since You Went to Bed
How a Coronavirus Vaccine Maker's Stock Went From Dud to
Star
Investors Flock to SPACs, Where Risks Lurk and Track Records Are
Poor
Beijing Attacks America's New Investment Blacklist
China's Health-Care Listings Break Records
How Joe Biden's Tax-Increase Wish List Could Affect You
Tesla CEO Elon Musk Says He Tested Both Positive and Negative
for Covid-19
Some Grocers Brings Back Purchase Limits as Covid-19 Cases
Rise
(END) Dow Jones Newswires
November 13, 2020 08:41 ET (13:41 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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